The Euro to Turkish Lira exchange rate is influenced by European Central Bank and Central Bank of the Republic of Turkey policy, together with changes in the interest-rate gap between the two currencies. Eurozone interest-rate expectations, Eurozone inflation and growth and PMI data can affect the Euro, while Turkish interest-rate expectations, Turkish inflation and policy credibility can move the Turkish Lira.
EUR/TRY has risen 0.4% today to 55.2888. The pair has edged 0.29% higher over the past week but has lost 1.74% over the past month.
Next up are Eurozone ECB President Lagarde speech on Wednesday at 03:10 UK time and Eurozone ECB Lagarde speech on Wednesday at 03:10 UK time, which could set the direction for EUR/TRY.
Mid-market reference rate. Customer rates normally include provider margins and fees.
